Free Trial

IRELAND: Draft Programme For Gov't Coming Today As Coalition Agreement Reached

IRELAND

RTE reports that a new draft programme for gov't is set to be published later today following parliamentary meetings of Fianna Fáil (FF) and Fine Gael (FG) this afternoon. On 14 Jan RTE reported that an agreement on forming a new governing coalition had been reached involving FF, FG and a number of independent lawmakers (TDs). RTE: "Seven TDs from the Regional Independents are set to support the next government as part of an agreement with Fianna Fáil and Fine Gael. Meanwhile, Independent TDs Michael and Danny Healy-Rae have also reached an agreement to support the incoming government." 

  • The participation of nine independent TDs in total, added to FF's 48 seats and FG's 38 will give the gov't a comfortable majority with 95 seats in the 174-member Dáil Éireann (lower house).
  • Party members from FF and FG are expected to approve the programme for gov't by 19 Jan. This will set the stage for the election of a Taoiseach (PM) once the Dáil reconvenes on Wednesday 22 January. FF leader Micheál Martin, as head of the largest party, will become Taoiseach first under the agreement. It is expected that he will hold the office until well into 2027.
  • Under the 2020-24 agreement, FF and FG held the Taoiseach's office for an equal amount of time. However, FF's sizeable seat advantage over FG means Martin is expected to remain in office for over half the parliamentary term.
  • RTE also reports that Eurogroup President Paschal Donohoe, who served as an FG finance minister from 2017-22, is set to return to the position under the new gov't. 

Chart 1. Dáil Éireann, Seats

Keep reading...Show less
271 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

RTE reports that a new draft programme for gov't is set to be published later today following parliamentary meetings of Fianna Fáil (FF) and Fine Gael (FG) this afternoon. On 14 Jan RTE reported that an agreement on forming a new governing coalition had been reached involving FF, FG and a number of independent lawmakers (TDs). RTE: "Seven TDs from the Regional Independents are set to support the next government as part of an agreement with Fianna Fáil and Fine Gael. Meanwhile, Independent TDs Michael and Danny Healy-Rae have also reached an agreement to support the incoming government." 

  • The participation of nine independent TDs in total, added to FF's 48 seats and FG's 38 will give the gov't a comfortable majority with 95 seats in the 174-member Dáil Éireann (lower house).
  • Party members from FF and FG are expected to approve the programme for gov't by 19 Jan. This will set the stage for the election of a Taoiseach (PM) once the Dáil reconvenes on Wednesday 22 January. FF leader Micheál Martin, as head of the largest party, will become Taoiseach first under the agreement. It is expected that he will hold the office until well into 2027.
  • Under the 2020-24 agreement, FF and FG held the Taoiseach's office for an equal amount of time. However, FF's sizeable seat advantage over FG means Martin is expected to remain in office for over half the parliamentary term.
  • RTE also reports that Eurogroup President Paschal Donohoe, who served as an FG finance minister from 2017-22, is set to return to the position under the new gov't. 

Chart 1. Dáil Éireann, Seats

Keep reading...Show less